Citizen's Allowance, Pension, Housing Allowance: There Are Problems with Transfer – How People Should React
5 Articles
5 Articles
In the autumn, a new EU regulation for remittances will enter into force. It indirectly affects everyone. Recipients of social services should check their data.
As of September 2025, your transfers of more than €3,000 will be monitored... Is there a new era of control?
Reading time 2 minutesOn October 9, 2025, a new Regulation (EU Regulation 2024/886) is mandatory for the euro area as a whole, whereby payment service providers in the euro area will have to compare IBAN and recipient names in the case of transfers. Problems can arise with transfers of pension, citizen's allowance, housing allowance and other social benefits. What is it about? The procedure is called "Verification of Payee", VoP for short. This …
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